Why Study Public Finance?

1. Why Study Public Finance? Public Finance Introductory Chapter By In Em, M. Sc. in Economics

2. Public Finance (For Undergratuade Class) Today: Course Syllabuses to the Public Finance By In Em, M. Sc. in Economics

3. Introductory Objectives… • Course description • Course objectives • Course outlines • Prerequisite and suggestion • Structure of learning • Learning materials • Assessments and grading By In Em, M. Sc. in Economics

4. Course Description… • To provide introduction to economic analysis of the public policy issues for undergraduate level, • Focuses on analytical tools of micro & macroeconomictheories & its application to key policy issues relating to • Public expenditures, • Public revenues (taxation for example ), and • Financing the government activities. By In Em, M. Sc. in Economics

5. Course Description (cont…) • Emphasis on recent developments in public Finance, including recent research findings (behavioral public finance, new empirical methods) & policy innovations. • To provide theory and practice on how government finances itself. • To reach this, we will: • review rationales for gove’t intervention, • analyze methods of resolving conflicts in public budget, • analyze rationales & issues of various sources of public revenue, • reviews the effects of public sector spending and taxes on the aggregate economy. By In Em, M. Sc. in Economics

6. Course Objectives … To provide students with knowledge and ability to: • Understand the introduction to public finance, • View the fundamental of the public finance, • Aware the functions of the public finance, • Know how public finance relate to public goods, public choice and political process, and • Pursue a suitable approach for taxing efficiency and income distribution to stimulate growth, employment, equity and efficiency. By In Em, M. Sc. in Economics

7. Expected Outcomes … After finishing this course, students should have relevant knowledge and ability to: • Understand what is public finance, • Know what is fundamental of the public finance, • Aware how important and what are functions the of public finance , and • Know what is the relationship of public finance, public goods, public choice and political processes. By In Em, M. Sc. in Economics

8. Course Outlines … This course consists of 6 chapters including: • Introduction to Public Finance, • Fundamentals of the public finance, • Functions of the Public Finance, • Public Goods, • Public choice and political process, and • Taxation efficiency and income distribution. By In Em, M. Sc. in Economics

9. Course Outlines (Cont…) Chapter 1: Introduction to Public Finance • Brief view of Microeconomic • Introduction to public finance • Public finance definition and concept • People’s views of public finance: Organic view of government • People’s views of public finance: Mechanistic view of government By In Em, M. Sc. in Economics

10. Course Outlines (Cont…) Chapter 2: Fundamental of the Public Finance • Differences between private and public sector • Market failure • Existence of government • Categories of resources • Externalities • Privatization • Government production of private goods • Political science By In Em, M. Sc. in Economics

11. Course Outlines (Cont…) Chapter 3: Functions of the Public Finance • Functions of Public Finance • Lessons of Economic Policy • Important Innovations of Tax Policy • Pattern of Tax Revenue Collection • Composition of Government Revenues and Government Expenditures • Principles to Evaluate a Good Tax System By In Em, M. Sc. in Economics

12. Course Outlines (Cont…) Chapter 4: Public Goods • Characteristics of Public Goods • Pure Public Goods and Pure Private Goods • Marginal Costs for Provision of Public Goods • Provision of Private Good and Public Goods: Markets and Government • Demand For a Pure Public Goods • Efficient Output of a Pure Public Goods By In Em, M. Sc. in Economics

13. Course Outlines (Cont…) Chapter 5: Public Choices and Political Processes • Supply of Public Goods through Political Institutions • Political Equilibrium • Tax Shares or Tax Prices • Individual's Choice • Determinants of Political Equilibrium • Political Externalities • Political Processes By In Em, M. Sc. in Economics

14. Course Outlines (Cont…) Chapter 6: Taxation Efficiency & Income Distribution • Lump-Sum Taxes • Price Distorting Taxes • Incidence of a Taxation • Independence of Legal and Economic Incidence • General Equilibrium Analysis and Shifting • Government Taxes and Expenditures • Income Distribution By In Em, M. Sc. in Economics

15. Prerequisite and Suggestion • Remember that this course is designed for an undergraduate students  Ask questions if things are not clear  Attend all classes to have a good grade  Read your lesson prior to coming to class  Do research and work in group or pairs By In Em, M. Sc. in Economics

16. Prerequisite and Suggestion (cont.) • I expect you to know the following tools • Calculus (mathematics) • Derivatives, integrals, partial derivatives • Economics • Introduction to microeconomics (Econ 1), • Microeconomic analysis (Econ 100 A) • Introduction to macroeconomics (Econ 2) • Macroeconomic analysis (Econ 101, & Econ 100 B) • If you are lacking on any of these skills, please make sure you are comfortable with these skills with yourself or your group. By In Em, M. Sc. in Economics

17. Structure of Learning • Expected time to spend on this class • 1 hour and half per session • 3 hours per week or 2 sessions per week • 7 hours total (normally, 12 hours), per chapter • Format of learning • Read first, prior to coming to the class • Lecture • Do problems on your own, in pair or group • Solve problems in class and review sessions By In Em, M. Sc. in Economics

18. Learning Materials: Text Book • Title: Public Finance : A Contemporary Application of Theory to Policy, • Author: David N. Hyman • Edition: 10th ed., in 2010 • Published: South Western Cengage Learning By In Em, M. Sc. in Economics

19. Leaning Materials: Readings • Some books for your reference and reading • Joseph E. Stiglitz (2000) Economics of the Public Sector, (3rd ed.), W. W. Norton & Company, and also • Hang ChuonNaron and Patrick Gilbert Desvallong (2009) Public Finance, PreahVihear edition. By In Em, M. Sc. in Economics

20. Learning Materials: Lecture slides • I will make available the lecture slides of • Usually a week before lecture day • Tables and figures from your textbook will often not be provided separately • Ideal questions and problems will be additionally provided as finishing the chapter as • Additional reading will be provided as necessary • Lecture slides are not meant to be a replacement to lecture, attending class is compulsory By In Em, M. Sc. in Economics

21. Lecture hours and class review • Class: G 306, any change TBA • Lecture hours: • Wednesdays 10:30-12:00 am • Fridays 10:30-12:0 am • I plan on conducting one review session before each test • Time and location TBA a day prior to the date By In Em, M. Sc. in Economics

22. Assessment Tests/Exams • 3 kinds of assessment tests will be conducted while time and schedules TBA at least a week ahead: • Quiz (15 - 20 mn) and/or Assignments • Midterm exam/test ( 30 mn -1.30 hours) • Final exam/test (1.30 - 2 hours) • Problems on tests will be similar to what we cover in practice problems • Some questions will require you to learn through material and think in your way By In Em, M. Sc. in Economics

23. Overall valuation/assessment • Total 100% • Attendance and Participation 0%-10% • Group Assignment and/Quiz 0%-25% • Mid-term exam 0%-25% • Final exam 0%-40% • If you do miss any tests, you could ask for re-do but except for final exam/test By In Em, M. Sc. in Economics

24. Grading By In Em, M. Sc. in Economics

25. End of the Introductory Session Thanks for your attention! By In Em, M. Sc. in Economics